Puravankara unit wins ₹133.34 crore civil works contract

1 min read Updated on 21 May 2026, 03:38 AM

Reviewed by

Naman SScanX News Team

AI Summary

Puravankara Limited announced that its wholly-owned subsidiary, Starworth Infrastructure & Construction Limited (SICL), has secured a Letter of Intent from Sion Eden Developers Private Limited. The contract involves civil and structural works for the Embassy Eden project in Bengaluru, valued at ₹133.34 crore inclusive of GST. The execution period is set at 34 months from the date of site handover.

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Puravankara Limited announced that its wholly-owned subsidiary, Starworth Infrastructure & Construction Limited (SICL), has received a Letter of Intent from Sion Eden Developers Private Limited. The contract pertains to the execution of civil and structural works for the project Embassy Eden, located in Bengaluru.

Contract Details

The agreement has been classified as an item rate contract awarded by a domestic entity. The total value of the order stands at ₹133.34 crore, inclusive of Goods and Services Tax (GST). The project scope involves comprehensive civil and structural construction activities for the specified development.

Project Timeline

According to the disclosure, the execution period for the order is set at 34 months. This timeline commences from the date the site is officially handed over to the contractor, ensuring a structured schedule for the completion of the works.

Key Contract Information

Particulars	Details
Client	Sion Eden Developers Private Limited
Nature of Contract	Item rate Contract
Location	Embassy Eden, Bengaluru
Contract Value	₹133.34 crore (incl GST)
Execution Period	34 Months

The company confirmed that the order does not involve any related party transactions, nor do the promoter or group companies hold any interest in the entity awarding the contract.

Historical Stock Returns for Puravankara

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-1.00%	+9.53%	+4.55%	-5.49%	-20.42%	+160.87%

How does this ₹133.34 crore contract contribute to SICL's overall order book growth, and what is the company's target for third-party construction contracts in FY2025-26?

Could this Embassy Eden project signal a broader strategy by Puravankara to expand SICL's B2B construction services beyond its parent company's developments, and which other real estate developers might become future clients?

How might potential delays in site handover impact SICL's revenue recognition timeline, and what contingency mechanisms are typically built into item rate contracts of this scale?

Conference Call Details

The conference call was conducted to present both standalone and consolidated financial results. The session was led by senior management, including the Managing Director and Chief Executive Officers for key regions.

Access to Recording

Stakeholders can listen to the proceedings of the Analysts/Investors Call through the following link:

Resource	Link
Audio Recording	https://backend.puravankara.com/uploads/Puravankara_Ltd_Q4_FY_26_Concall_Audio_4f8c67d6b1.mp3

Regulatory Compliance

The disclosure was made in compliance with Regulation 30 and 46(2)(oa) read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The intimation was signed by Sudip Chatterjee, Company Secretary & Compliance Officer.

Historical Stock Returns for Puravankara

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-1.00%	+9.53%	+4.55%	-5.49%	-20.42%	+160.87%

How did Puravankara's FY26 revenue and pre-sales figures compare to its earlier guidance, and what targets has management set for FY27?

What new project launches or land acquisitions is Puravankara planning in key markets like Bengaluru, Mumbai, and Chennai for the upcoming fiscal year?

How might rising construction costs and interest rate movements impact Puravankara's margins and project delivery timelines in FY27?